Good leadership is a key indicator of successful digital transformations. And yet, while the pace of digital transformation in banking is accelerating, bank boardrooms are falling behind. Our new research report called Boosting the Bank Board’s Technology Expertise shows that only 10 percent of banking board directors have technology expertise. We believe the number should…
One of the most striking results from our recent Accenture Global Banking Consumer Study is the prevalence of banking Skeptics around the globe. Skeptics are one of the four persona groups identified in the study, which is built on input from 47,000 consumers from all over the world. Skeptics are the largest persona group, making…
This year´s reporting season has brought sustainability and environmental, social and governance (ESG)-related efforts to the forefront of international banks’ annual reports, including their future outlooks and bold pledges. The message is clear: banks are emerging as a major force in reaching the UN´s Sustainable Development Goals (SDGs). We’ve seen changes in the C-suite, too.…
All SWIFT customers are required to complete independent assessments as part of the Customer Security Programme (CSP), which helps SWIFT customers fight cyber-attacks. As of 2021, to be considered compliant, these assessments must be done by an independent organization. Here are answers to four common questions about the assessments. 1. What’s behind the change? Broadly, the…
COVID-19 has had a profound impact on businesses of all sizes. Over the past 12 months, organizations across the globe have faced substantive impacts to their receipts, disbursements, and in consequence, liquidity. As organizations pivot to the new normal – remote workforce environments included – technology is helping to power their transformation. In our recent…
This series of blogs looks at the future of banking in Growth Markets in a post-COVID-19 world. Banks need a clear approach to eliminate their legacy technology debt and attain future-ready systems. That means taking the journey to the cloud – a typically incremental process by which banks shift their core-systems architecture to a flexible,…
